v3.26.3
Property and Equipment
 9 Months Ended
Sep. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment

Note 5 — Property and Equipment

 

Property and equipment consists of the following at September 30, 2026 and December 31, 2025:

 

   2026   2025 
         
Machinery and Equipment  $36,402,180   $34,541,704 
Building and Leasehold Improvements   5,500,116    5,483,616 
Land   130,000    130,000 
Office Furniture and Equipment   2,295,748    2,295,748 
Tooling   169,307    169,307 
Vehicles   24,059    24,059 
Property and Equipment, Gross   44,521,410    42,644,434 
Less: Accumulated Depreciation   35,092,086    33,471,731 
           
Property and Equipment, Net  $9,429,324   $9,172,703 

 

Depreciation expenses were $548,191 and $646,506 for the three months ended September 30, 2026 and 2025, respectively, and $1,620,355 and $2,033,935 for the nine months ended September 30, 2026 and 2025, respectively.

 

Finance lease right-of-use (“ROU”) assets are included in machinery and equipment in the table above, and the related accumulated amortization is included in accumulated depreciation. The net carrying amounts of these assets were $1.6 million and $1.8 million for September 30 2026 and December 31 2025 respectively.

 

 

SYNTEC OPTICS HOLDINGS, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS